GBPUSD analysis for 25.11.2020
GBPUSD is on bullish trend. There are no major economic reports from the UK but pound continues to grow. Negotiation on trade deal still goes on.
GBPUSD is finding support at 1.33410 with resistance at 1.33960 which both lines are above the weekly pivot point at 1.32560. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and 200. The Stochastic is moving in high ranges. The RSI is growing towards overbought area but the MACD is moving in negative territory. The ADX is showing buy signal.
The GBP bulls may push the price up towards 1.34500.